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Daimler supervisory board approves € 60 billion investment plan for Mercedes-Benz

BERLIN, December 2 (Reuters) – The Daimler Supervisory Board (DAIGn.DE) has approved an investment plan of more than 60 billion euros ($ 67.88 billion) for Mercedes-Benz Cars & Vans between 2022 and 2026, the company said on Thursday.

The statement, issued a week before the Cars & Vans division of Daimler Truck & Buses split on December 10, said the luxury vehicle maker aims to be at the forefront of electric vehicle and software production after the announcement.

Existing plans announced in October 2020 to reduce capital spending by 20% from 2019 levels by 2025 remain in place, the statement said, with new spending focused on electrification, digitization and autonomous driving .

Increasing net revenue per vehicle and implementing direct selling models was part of that strategy, he said, adding that advances in battery technology and production should help reduce the cost. battery-electric vehicles over time.

($ 1 = € 0.8839)

Our Standards: Thomson Reuters Trust Principles.

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